Real Estate Investment Properties for Sale in Indian River, MI

Looking for investment property in Indian River, MI with high ROI ?

Explore a variety of short-term homes & houses in Indian River, MI. Invest wisely with VRBO & Indian River, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Indian River, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1012 Lynn Dr Indian River, MI Ready for lake life? Discover this charming 2-bedroom, 1-bath home on the south east side ...	2 beds \| 1 baths \| 793 sq.ft.	$379,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 1.47% Airbnb Rental Income: $1189 Traditional Rental Income: $1518 Airbnb ROI: -0.54% Traditional ROI: 1.47%
1461 Riverview Ln Indian River, MI Lake life! Fully furnished 4-bedroom, 2-bath home situated on the Pigeon River with 101' p...	4 beds \| 2 baths \| 1,186 sq.ft.	$375,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.59% Airbnb Rental Income: $1751 Traditional Rental Income: $2245 Airbnb ROI: 0.82% Traditional ROI: 3.59%
8524 Kingsley Beach Dr Indian River, MI Rarely available and sought after location on the southern shore of Burt Lake. This 3 Bed ...	4 beds \| 3 baths \| 2,288 sq.ft.	$1,100,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 0.42% Airbnb Rental Income: $1751 Traditional Rental Income: $3110 Airbnb ROI: -1.38% Traditional ROI: 0.42%
3401 Poplar St Indian River, MI Welcome to Stone's Throw Cottage--where timeless Up North charm meets modern comfort in th...	3 beds \| 2 baths \| 1,810 sq.ft.	$484,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.24% Airbnb Rental Income: $1114 Traditional Rental Income: $2710 Airbnb ROI: -1.1% Traditional ROI: 3.24%
6323 Arthur St Indian River, MI This wonderfully appointed cottage gives you an overwhelming feeling of ''up north''. From...	2 beds \| 1 baths \| 572 sq.ft.	$269,500	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.33% Airbnb Rental Income: $1189 Traditional Rental Income: $1073 Airbnb ROI: 0.27% Traditional ROI: 1.33%
1343 Renos Dr Indian River, MI This Well Maintained Chalet Has Some Beautiful Panoramic Views Of Mullett Lake. Watch Plen...	2 beds \| 1 baths \| 1,350 sq.ft.	$669,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 0.49% Airbnb Rental Income: $1189 Traditional Rental Income: $1226 Airbnb ROI: -0.19% Traditional ROI: 0.49%
3710 Lake Marina Dr Indian River, MI Meticulously maintained and beautifully updated, this stunning 3-bedroom, 3-bathroom home ...	3 beds \| 3 baths \| 3,450 sq.ft.	$849,900	Airbnb cash on cash: -0.71% Traditional cash on cash: 2.42% Airbnb Rental Income: $1114 Traditional Rental Income: $3218 Airbnb ROI: -0.71% Traditional ROI: 2.42%
4878 S Straits Hwy Indian River, MI This commercial dwelling, designed for functionality and comfort, features a spacious sitt...	2 beds \| N/A baths \| 1,048 sq.ft.	$199,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 6.23% Airbnb Rental Income: $1189 Traditional Rental Income: $1628 Airbnb ROI: 1.88% Traditional ROI: 6.23%
3869 Club Rd Indian River, MI Spacious Ranch with Little Sturgeon Frontage in Downtown Indian River. Welcome to this bea...	2 beds \| 2 baths \| 1,820 sq.ft.	$395,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 6.13% Airbnb Rental Income: $1189 Traditional Rental Income: $2977 Airbnb ROI: 0.25% Traditional ROI: 6.13%
6066 Hemlock St Indian River, MI Completely updated up north residence in the heart of Indian River! Start your mornings wi...	2 beds \| 1 baths \| 956 sq.ft.	$347,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.19% Airbnb Rental Income: $1189 Traditional Rental Income: $1572 Airbnb ROI: 0.83% Traditional ROI: 3.19%
8554 W M-68 Hwy Indian River, MI Discover your dream retreat with this stunning 3-bedroom, 1-bedroom/office (non-conforming...	3 beds \| 3 baths \| 2,859 sq.ft.	$1,850,000	Airbnb cash on cash: -2.16% Traditional cash on cash: -0.52% Airbnb Rental Income: $1114 Traditional Rental Income: $3553 Airbnb ROI: -2.16% Traditional ROI: -0.52%
6378 Hillside Ave Indian River, MI Experience timeless elegance in this beautifully preserved 1890s Victorian, nestled in the...	5 beds \| 3 baths \| 2,800 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1423 Traditional Rental Income: $3444 Airbnb ROI: -0.13% Traditional ROI: 2.81%
5064 Wilson Rd Indian River, MI Are you searching for a home nestled near the beauty of the Sturgeon River, state land, an...	2 beds \| 1 baths \| 1,300 sq.ft.	$249,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 6.91% Airbnb Rental Income: $1189 Traditional Rental Income: $2052 Airbnb ROI: 1.62% Traditional ROI: 6.91%
6116 Hemlock St Indian River, MI Welcome to this beautiful Colonial-style home located in the heart of Indian River. Just a...	4 beds \| 2 baths \| 2,067 sq.ft.	$369,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 6.99% Airbnb Rental Income: $1751 Traditional Rental Income: $2913 Airbnb ROI: 2.24% Traditional ROI: 6.99%
6363 Burchfield Rd Indian River, MI Oasis in the middle of Indian River, What a great 5 bedroom 5 bathroom home, This Spacious...	5 beds \| 4 baths \| 3,400 sq.ft.	$895,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 4.36% Airbnb Rental Income: $1423 Traditional Rental Income: $5076 Airbnb ROI: -0.53% Traditional ROI: 4.36%
6888 Sequoia Dr Indian River, MI This brand-new home is currently under construction and can be custom built to your wants ...	3 beds \| 2 baths \| 1,683 sq.ft.	$424,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 5.16% Airbnb Rental Income: $1114 Traditional Rental Income: $2610 Airbnb ROI: 0.46% Traditional ROI: 5.16%
865 Wintree Dr Indian River, MI Have you been dreaming of an up north beautiful full log home w/a vaulted wall of windows ...	3 beds \| 2 baths \| 1,500 sq.ft.	$465,900	Airbnb cash on cash: -1.04% Traditional cash on cash: 2.77% Airbnb Rental Income: $1114 Traditional Rental Income: $2404 Airbnb ROI: -1.04% Traditional ROI: 2.77%
3063 Red Pine Point Dr Indian River, MI 3063 Red Pine Point Dr, Indian River, MI 49749 \| Single Family Residential	10 beds \| 10 baths \| 15,970 sq.ft.	$8,300,000	Airbnb cash on cash: -2.42% Traditional cash on cash: -1.82% Airbnb Rental Income: $1423 Traditional Rental Income: $5619 Airbnb ROI: -2.42% Traditional ROI: -1.82%
1466 Wahbee Ave Indian River, MI Ready to create your own retreat on beautiful Burt Lake? Enjoy sunset views from this char...	2 beds \| 1 baths \| 679 sq.ft.	$498,000	Airbnb cash on cash: -1% Traditional cash on cash: -0.12% Airbnb Rental Income: $1189 Traditional Rental Income: $1216 Airbnb ROI: -1% Traditional ROI: -0.12%
V/L 20.7 A Spikehorn Trl #Parcel16 & 17, 20.70 Acres+- Indian River, MI V/L 20.75A Spikehorn Trl, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.37% Airbnb Rental Income: $null Traditional Rental Income: $816 Airbnb ROI: N/A Traditional ROI: 2.37%
V/L Site 9 Cedar Springs Ln Indian River, MI V/L Site 9 Cedar Springs Ln, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $816 Airbnb ROI: N/A Traditional ROI: 5.74%
Spikehorn Trl #Parcel 16 & 17 Indian River, MI Spikehorn Trl, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.37% Airbnb Rental Income: $null Traditional Rental Income: $816 Airbnb ROI: N/A Traditional ROI: 2.37%
5384 Commerce Blvd #C306 Indian River, MI 5384 Commerce Blvd, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.87% Airbnb Rental Income: $null Traditional Rental Income: $816 Airbnb ROI: N/A Traditional ROI: 0.87%
5384 Commerce Blvd #C305 Indian River, MI 5384 Commerce Blvd #D405, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.37% Airbnb Rental Income: $null Traditional Rental Income: $906 Airbnb ROI: N/A Traditional ROI: 1.37%
6308 E Dorothy Ave Indian River, MI Welcome to 6308 E. Dorothy Road \| Indian River, Michigan \| Prime Location in the Heart of ...	2 beds \| 1 baths \| 820 sq.ft.	$285,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 4.23% Airbnb Rental Income: $1189 Traditional Rental Income: $1543 Airbnb ROI: 1.47% Traditional ROI: 4.23%
516 W Shoreview Ln Indian River, MI Experience 100 feet of pristine frontage on beautiful Mullett Lake, offering picturesque v...	3 beds \| 2 baths \| 2,083 sq.ft.	$1,150,000	Airbnb cash on cash: -1.93% Traditional cash on cash: -0.02% Airbnb Rental Income: $1114 Traditional Rental Income: $2782 Airbnb ROI: -1.93% Traditional ROI: -0.02%
3652 Pier Ave Indian River, MI 3652 Pier Ave, Indian River, MI 49749 \| Single Family Residential	6 beds \| 2 baths \| 3,551 sq.ft.	$1,290,000	Airbnb cash on cash: -1.78% Traditional cash on cash: -0.52% Airbnb Rental Income: $1423 Traditional Rental Income: $2512 Airbnb ROI: -1.78% Traditional ROI: -0.52%
5115 S Straits Hwy #Cabin 16 Indian River, MI 5115 S Straits Hwy #Cabin 16, Indian River, MI 49749 \| Single Family Residential	2 beds \| 1 baths \| 407 sq.ft.	$138,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 3.32% Airbnb Rental Income: $1189 Traditional Rental Income: $1031 Airbnb ROI: 1.59% Traditional ROI: 3.32%
5115 S Straits Hwy #Cabin 9 Indian River, MI 5115 S Straits Hwy #Cabin 9, Indian River, MI 49749 \| Single Family Residential	N/A beds \| 1 baths \| 204 sq.ft.	$102,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.35% Airbnb Rental Income: $null Traditional Rental Income: $542 Airbnb ROI: N/A Traditional ROI: 0.35%
5115 S Straits Hwy #Cabin 15 Indian River, MI 5115 S Straits Hwy #Cabin 15, Indian River, MI 49749 \| Single Family Residential	2 beds \| 1 baths \| 407 sq.ft.	$133,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 3.53% Airbnb Rental Income: $1189 Traditional Rental Income: $1031 Airbnb ROI: 1.73% Traditional ROI: 3.53%
Par 17 Spikehorn Trl #Parcel 17 Indian River, MI Par 17 Spikehorn Trl #Parcel 17, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$79,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.14% Airbnb Rental Income: $null Traditional Rental Income: $919 Airbnb ROI: N/A Traditional ROI: 8.14%
2156 E Mullett Lake Rd Indian River, MI MOTIVATED SELLER!! Well-appointed 4 bedroom, 3 full bath home ideally located just minutes...	4 beds \| 3 baths \| 2,216 sq.ft.	$389,900	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.14% Airbnb Rental Income: $1751 Traditional Rental Income: $2895 Airbnb ROI: 0.7% Traditional ROI: 5.14%
5384 Commerce Blvd #A102 Indian River, MI 5384 Commerce Blvd #A102, Indian River, MI 49749 \| Other	N/A beds \| N/A baths \| N/A	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.68% Airbnb Rental Income: $null Traditional Rental Income: $919 Airbnb ROI: N/A Traditional ROI: 3.68%
1962 E Devereaux Lake Rd Indian River, MI This immaculately updated 2-bedroom, 1-bath log cabin showcases true pride of ownership wi...	2 beds \| 1 baths \| 585 sq.ft.	$159,900	Airbnb cash on cash: 2.78% Traditional cash on cash: 6.08% Airbnb Rental Income: $1189 Traditional Rental Income: $1306 Airbnb ROI: 2.78% Traditional ROI: 6.08%
7207 Frontenac Road Indian River, MI LOCATION, LOCATION - Enjoy natural gas heating, a brand-new furnace, and ample room for gu...	5 beds \| 3 baths \| 3,100 sq.ft.	$259,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 10.91% Airbnb Rental Income: $1423 Traditional Rental Income: $3190 Airbnb ROI: 1.94% Traditional ROI: 10.91%

Real Estate investment in Indian-river, MI

There are 76 properties for sale in the city of Indian River . The median list price in Indian River is $449,731 and the average price per square foot is $216. In September 2026, the average monthly cash on cash return in Indian River is 3.00%. The average monthly rental income in Indian River is $1,923.

Indian-river, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 76 investment properties available for sale in Indian-river.

In 2026, the best neighborhood to buy investment property is Indian River.

The ROI for Short-Term is higher than the Long-Term in Indian-river with average rental income of $1,189.

Your search for investment property begins and ends here

Investment Property for Sale in Indian River, MI

1012 Lynn Dr

Indian River, MI

2 beds | 1 baths | 793 sq.ft.

$379,900

Airbnb cash on cash: -0.54%

Traditional cash on cash: 1.47%

Airbnb Rental Income: $1189

Traditional Rental Income: $1518

Airbnb ROI: -0.54%

Traditional ROI: 1.47%

1461 Riverview Ln

Indian River, MI

4 beds | 2 baths | 1,186 sq.ft.

$375,000

Airbnb cash on cash: 0.82%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $1751

Traditional Rental Income: $2245

Airbnb ROI: 0.82%

Traditional ROI: 3.59%

8524 Kingsley Beach Dr

Indian River, MI

4 beds | 3 baths | 2,288 sq.ft.

$1,100,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $1751

Traditional Rental Income: $3110

Airbnb ROI: -1.38%

Traditional ROI: 0.42%

3401 Poplar St

Indian River, MI

3 beds | 2 baths | 1,810 sq.ft.

$484,900

Airbnb cash on cash: -1.1%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1114

Traditional Rental Income: $2710

Airbnb ROI: -1.1%

Traditional ROI: 3.24%

6323 Arthur St

Indian River, MI

2 beds | 1 baths | 572 sq.ft.

$269,500

Airbnb cash on cash: 0.27%

Traditional cash on cash: 1.33%

Airbnb Rental Income: $1189

Traditional Rental Income: $1073

Airbnb ROI: 0.27%

Traditional ROI: 1.33%

1343 Renos Dr

Indian River, MI

2 beds | 1 baths | 1,350 sq.ft.

$669,000

Airbnb cash on cash: -0.19%

Traditional cash on cash: 0.49%

Airbnb Rental Income: $1189

Traditional Rental Income: $1226

Airbnb ROI: -0.19%

Traditional ROI: 0.49%

3710 Lake Marina Dr

Indian River, MI

3 beds | 3 baths | 3,450 sq.ft.

$849,900

Airbnb cash on cash: -0.71%

Traditional cash on cash: 2.42%

Airbnb Rental Income: $1114

Traditional Rental Income: $3218

Airbnb ROI: -0.71%

Traditional ROI: 2.42%

4878 S Straits Hwy

Indian River, MI

2 beds | N/A baths | 1,048 sq.ft.

$199,900

Airbnb cash on cash: 1.88%

Traditional cash on cash: 6.23%

Airbnb Rental Income: $1189

Traditional Rental Income: $1628

Airbnb ROI: 1.88%